10 Commandments Of Long Term Investing (1 of 10)

Commandment I: Outperforming Bad Years Is More Important Than Under-performing Good Years - Long term portfolios should be selected on the basis of doing better in bad years for the overallmarket, rather than ramping up returns in great years. If you run a little short in a big year for the market, that's ok. Avoiding big losses in bear years is more important.